Medusa

A New Grad’s Guide To Getting Your Own Apartment

<p><img class&equals;"aligncenter size-large wp-image-18823" src&equals;"https&colon;&sol;&sol;medusamagazine&period;com&sol;wp-content&sol;uploads&sol;2019&sol;01&sol;A-Newbies-Guide-To-Getting-Your-Own-Apartment-1024x677&period;jpg" alt&equals;"" width&equals;"650" height&equals;"430" &sol;><&sol;p>&NewLine;<p>If you are new to the market of finding your own place&comma; and especially if you are considering moving into a property management firm-controlled building&comma; there are some things you need to know before you even start looking at the vacancy ads&period; Chief among the things you need to study are how a lease works&comma; what your legal rights are as a tenant and a contingency plan in the event your income is interrupted or you have some kind of personal emergency that requires you to move out before your lease is up&period;<&sol;p>&NewLine;<p><strong>Avoid Eviction<&sol;strong><br &sol;>&NewLine;An eviction will destroy your life&period; It is worse than any other kind of adverse credit event because apartment buildings will bar you from renting even if it is no longer on your credit report&period; While certain private landlords will still work with you&comma; the big property management companies keep permanent records of anyone who has ever been evicted and share them with each other&period;<&sol;p>&NewLine;<p>Essentially&comma; if you are legally and forcibly removed from an apartment&comma; you&&num;8217&semi;ll never rent from a major property management company again&period; This is why you must avoid being evicted no matter what&period; Even if you have to retain legal representation to avoid an eviction judgment&comma; it will be worth it if you plan to rent again&period;<&sol;p>&NewLine;<p><strong>Understand Your Lease<&sol;strong><&sol;p>&NewLine;<p>The document that will govern your stay at your <a href&equals;"https&colon;&sol;&sol;www&period;thebalance&period;com&sol;how-to-rent-your-first-apartment-2385952">new apartment<&sol;a> is your lease&period; Read it and then hire someone knowledgeable to read it to you and explain it to you&period; Do not rely on your future landlord for advice&period; Get someone who is not a party to the agreement to explain what is going on&period;<&sol;p>&NewLine;<p>One additional piece of advice if you are handed a document to sign is to wait at least 24 hours before you make any decisions&period; Preferably you should be reading and evaluating the lease during that time and highlighting any sections that you might not agree with&period; Only sign after you have a full understanding of the document and not a moment before&period; If the landlord tries to pressure you to sign saying someone else will return theirs in that allotted time&comma; then it tells you about their management style and you probably are better off signing a lease elsewhere&period;<&sol;p>&NewLine;<p><strong>Know Your Amenities<&sol;strong><br &sol;>&NewLine;Make sure you ask every single question that pops into your head when you are taking a tour&period; Many times you’ll see amenities or a club house&comma; but some landlords will charge you on top of an HOA fee for using that theater room&comma; exercise room&comma; or any other hook they try to sell you&period; Some don’t&period; It’s all a matter of communication&period; Ask how many <a href&equals;"https&colon;&sol;&sol;www&period;westbin&period;com&period;au&sol;residential&sol;">skip bin hire<&sol;a> they have for each apartment&period; You don’t want to end up in a complex where you share one skip bin for every couple of buildings&period;<&sol;p>&NewLine;<p><strong>Limit the Term<&sol;strong><&sol;p>&NewLine;<p>Generally speaking&comma; for a new renter the shorter the lease term the better&period; Your objective is to get out of the lease financially intact&period; Your secondary objective is to get a better place as soon as possible&period; Both of these objectives require you to have the flexibility to move out before you turn 48&comma; so look for a month-to-month or a yearly lease&period; Whatever you choose&comma; make sure you plan ahead&period;<&sol;p>&NewLine;<p>These pieces of advice will help you avoid the most obvious and destructive problems&period; Protect yourself first&period; You can be sure your landlord has already dug in his or her defenses and reinforced them with lawyers and cash in the event you so much as misplace a cabinet fixture&period; Do likewise&period;<&sol;p>&NewLine;

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